24 3rd Ave S · Clanton, AL 35045

$124,900

3 bd · 1.0 ba · 1,492 sqft · SingleFamily public records · 148 Days on market

Built 1900 6,534 sqft lot $84/sqft · 46% below area Est $233k · 46% under

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Why this score? — see what drove the B- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +26.3/30.0
• ARV discount +15.0/15.0
• DSCR +8.9/10.0
• 1% rule +6.4/10.0
• Livability +3.1/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.1/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Come see this cute Vinyl home in a quiet little neighborhood. It has an open concept living, dining and kitchen area, 3 bedrooms, 1 bath, a bonus room and nice size laundry room. Convenient to everything.

Key facts

• 6,534 sq ft lot
• Parking
• Built 1900

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $125k.

Deal economics

• At list price, monthly cash flow is $322 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $125k).
• Recommended offer: $110k (12.0% below list) — sets the bar for market timing.
• Cap rate 9.4% vs local median 3.4% in Clanton — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 61/100 on livability (#259 in AL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: schools D-, crime D-, amenities F.
• Chilton County (rural): math 15% / reading 34% proficiency, ranked #94 of 129 in AL (top 73%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: 125 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 25 units permitted in Chilton County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $864 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Chilton County population projected at -10% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $35k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 148 days — a 12% lower offer ($110k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 3y ago; this cycle's ask has dropped $25k (17%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1900 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 65% chance of damaging wind over 30y; extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $109,912 (12.0% below list)

Questions for the listing agent

1. It's been on market 148 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1900 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
6. Crime grade is D in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
7. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
8. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
9. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.14% ✓
• Cap rate: 9.39%
• Cash-on-cash: 11.06%
• DSCR: 1.49
• GRM: 7.3

CMA / ARV

• ARV (median comp): $232,828
• List price: $124,900
• Delta: -46.36%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
201 Nell St	0.02mi	3/2.0	1,650 (+11%)	8mo	$172,000	$104	71
200 2nd Ave S	0.19mi	3/2.0	1,450 (-3%)	24mo	$210,000	$145	62
615 Maple St	0.65mi	3/2.0	1,585 (+6%)	0mo	$235,000	$148	55
601 Studdard Dr	0.49mi	2/2.0 (-1)	1,284 (-14%)	13mo	$165,000	$129	34

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 0.2%
• Equity multiple: 1.01×
• Total profit: $274
• Equity at exit: $18,623

10-year hold

• IRR: 9.8%
• Equity multiple: 1.76×
• Total profit: $26,616
• Equity at exit: $10,799

Cash invested: $34,972 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 90 Strongly Landlord-Friendly
• State Alabama: 90 Strongly Landlord-Friendly · R+15
• County: — inherits STATE
• City: — inherits STATE

Right-to-evict in 7 days for non-payment; no rent control; preempted statewide; courts move quickly.

Methodology + full state rankings →

ZIP-level market 35045

• Home prices YoY: -25.8%
• Active inventory: 125
• Price-to-rent: 7.3×

Monthly cashflow live

• Estimated rent: $1,428 high
• Mortgage (P&I): −$655
• Tax from tax record: −$99 /mo · $1,190/yr
• Insurance: −$52
• HOA: −$0
• Vacancy / Maint / Mgmt: −$300
• Net cashflow: $322

Break-even live

Break-even rent $1,020

Max offer price $124,900

Occupancy floor 72%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $31,225
• Closing costs: $3,747
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
91 Park Dr S Clanton, AL	2.0	2.5	1204	$1,395	$1.16	24d	1	1.14mi
89 Park Dr S Clanton, AL	3.0	2.5	1344	$1,495	$1.11	24d	1	1.14mi
87 Park Dr S Clanton, AL	3.0	2.5	1344	$1,495	$1.11	24d	1	1.14mi
85 Park Dr S Clanton, AL	2.0	2.5	1204	$1,395	$1.16	24d	1	1.15mi
57 Park Dr S Clanton, AL	3.0	2.0	1192	$1,200	$1.01	44d	1	1.18mi

Listing history 30 events

1. 2026-06-18
   days on market $124,900 Active 148 DOM
2. 2026-06-17
   days on market $124,900 Active 147 DOM
3. 2026-06-16
   days on market $124,900 Active 146 DOM
4. 2026-06-15
   days on market $124,900 Active 145 DOM
5. 2026-06-13
   days on market $124,900 Active 143 DOM
6. 2026-06-13
   days on market $124,900 Active 142 DOM
7. 2026-06-10
   days on market $124,900 Active 140 DOM
8. 2026-06-09
   days on market $124,900 Active 139 DOM
9. 2026-06-08
   days on market $124,900 Active 138 DOM
10. 2026-06-07
    days on market $124,900 Active 137 DOM
11. 2026-06-03
    days on market $124,900 Active 133 DOM
12. 2026-06-02
    days on market $124,900 Active 132 DOM
13. 2026-06-01
    days on market $124,900 Active 131 DOM
14. 2026-05-31
    days on market $124,900 Active 130 DOM
15. 2026-05-16
    price $124,900 205-char remark

    Show marketing remark (205 chars)

    Come see this cute Vinyl home in a quiet little neighborhood. It has an open concept living, dining and kitchen area, 3 bedrooms, 1 bath, a bonus room and nice size laundry room. Convenient to everything.

16. 2026-03-21
    price $134,900 205-char remark

    Show marketing remark (205 chars)

    Come see this cute Vinyl home in a quiet little neighborhood. It has an open concept living, dining and kitchen area, 3 bedrooms, 1 bath, a bonus room and nice size laundry room. Convenient to everything.

17. 2026-01-20
    listed $149,900 Active 205-char remark

    Show marketing remark (205 chars)

    Come see this cute Vinyl home in a quiet little neighborhood. It has an open concept living, dining and kitchen area, 3 bedrooms, 1 bath, a bonus room and nice size laundry room. Convenient to everything.

18. 2024-08-30
    listed $185,000 Active
19. 2024-02-06
    soldstatus $165,000
20. 2024-01-31
    soldstatus $165,000 Sold
21. 2024-01-13
    historical Contingent
22. 2023-12-18
    listed $178,000 Active
23. 2023-03-31
    soldstatus $45,000 Sold
24. 2023-03-31
    soldstatus $45,000
25. 2023-03-25
    historical Contingent
26. 2023-03-09
    listed $65,000 Active
27. 2022-08-01
    price $60,000
28. 2005-06-14
    soldstatus $81,000
29. 2003-08-12
    soldstatus $81,000
30. 1998-08-07
    soldstatus $23,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast AL · Resets to sale price

• Current annual tax: $1,190 · $99/mo
• Projected year-2 tax: $1,190 · $99/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 7/10 Severe 7 d/yr ≥106°F today · 19 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 65% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,141
• − Mortgage interest: −$6,996
• − Property taxes: −$1,190
• − Insurance: −$624
• − Repairs & maintenance: −$1,371
• − Management: −$1,371
• − Depreciation: −$3,633
• Taxable income: $1,955
• Est. tax owed @ 24.0%: −$469
• After-tax cash flow: $3,398/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Chilton County
• NCES district ID: 0100660
• Math proficiency: 15% ▼ -26.00%
• Reading proficiency: 34% ▼ -5.00%
• Median HH income: $41,269
• Composite: 20.73/100
• National rank: #8520
• State rank: #94 of 129 in AL

Livability — Clanton

• Score: 61/100
• State rank: #259
• US rank: #18072

Category grades

Amenities F Commute F Cost of living A+ Crime D- Employment F Housing A+ Health & safety F User ratings A+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Clanton, AL
• County: Chilton County · 15,324 people
• City population: 15,324
• Metro: Birmingham-Hoover, AL
• Population (ZIP): 15,324
• Household income: $65,907
• Rent vs Own: 28.3% rent · 71.7% own
• Severe rent burden: 326.0

Population outlook (Chilton County) Hauer SSP2

• Today (2025): 44,064 people
• By 2030: 43,694 · -0.8%
• By 2040: 42,168 · -4.3%
• By 2050: 39,667 · -10.0%
• By 2075: 31,397 · -28.7%
• By 2100: 21,319 · -51.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (78%)
• Race & ethnicity: White 78% Black 9% Hispanic / Latino 7% Two or more races 4% Asian 1%
• Hispanic origin (detail): Mexican 6%
• Common ancestry: Slovak 2% Serbian 2% Italian 1%
• Foreign-born: 3% · Canada, South Korea
• Languages at home: 95% English-only · Spanish 4% Other Indo-European 1%

Political lean MEDSL · Chilton

• 2024 margin: Solid R (+72.1) · D 13.7% · R 85.8%
• 2008→2024 swing: -14.3pp toward R · 2008: -57.8pp · 2024: -72.1pp
• All cycles: 2024: R+72.1 2020: R+67.4 2016: R+66.6 2012: R+60.3 2008: R+57.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -65.21%
• Current HPI: 187.6339
• Rent YoY: —
• Metro: Birmingham-Hoover, AL
• State GDP YoY: ▲ 2.94%
• F500 in state: 4

Industry mix (Fortune 500 HQ in AL)

Industry	F500 HQs	Revenue
▸Financial Services	1	$8B
▸Healthcare	1	$5B

Price history

+443.0% since first listed

16 events — show timeline

• 2026-05-16 Price Changed $124,900 Greater Alabama MLS
• 2026-03-21 Price Changed $134,900 Greater Alabama MLS
• 2026-01-20 Listed $149,900 Greater Alabama MLS
• 2024-08-30 Listed $185,000 MAAR
• 2024-02-06 Sold (Public Records) $165,000 Public Records
• 2024-01-31 Sold (MLS) $165,000 Greater Alabama MLS
• 2024-01-13 Contingent — Greater Alabama MLS
• 2023-12-18 Listed $178,000 Greater Alabama MLS
• 2023-03-31 Sold (Public Records) $45,000 Public Records
• 2023-03-31 Sold (MLS) $45,000 Greater Alabama MLS
• 2023-03-25 Contingent — Greater Alabama MLS
• 2023-03-09 Listed $65,000 Greater Alabama MLS
• 2022-08-01 Price Changed $60,000 Greater Alabama MLS
• 2005-06-14 Sold (Public Records) $81,000 Public Records
• 2003-08-12 Sold (Public Records) $81,000 Public Records
• 1998-08-07 Sold (Public Records) $23,000 Public Records

Property tax history

+27.1%/yr

Latest (2025): $1,190 · +186.1% YoY. Source: county tax records.